Business Sales Fuel Intel Gains

By

Don Clark

Updated Jan. 14, 2011 12:01 a.m. ET

Intel Corp. reported its best quarterly and yearly results ever, despite evidence that demand for Apple Inc.'s iPad and similar products is undercutting sales growth for PCs that use the company's computer chips.

The Santa Clara, Calif., microprocessor maker said its fourth-quarter gains—which included a 48% jump in profit and an 8.4% increase in revenue—were driven largely by sales of server systems to companies trying to keep up with the growth of the Internet. Revenue from such data-center customers rose 15%, Intel...